Total money market mutual fund assets increased by $9.56 billion to $2.748 trillion for the week ended Wednesday, May 25, the Investment Company Institute reported. Taxable government funds increased by $3.96 billion, taxable non-government funds increased by $7.53 billion, and tax-exempt funds decreased by $1.94 billion.
Retail: Assets of retail money market funds increased by $90 million to $910.44 billion. Taxable government money market fund assets in the retail category decreased by $10 million to $168.31 billion, taxable non-government money market fund assets increased by $660 million to $545.19 billion, and tax-exempt fund assets decreased by $560 million to $196.94 billion.
Institutional: Assets of institutional money market funds increased by $9.47 billion to $1.837 trillion. Among institutional funds, taxable government money market fund assets increased by $3.97 billion to $607.20 billion, taxable non-government money market fund assets increased by $6.87 billion to $1.118 trillion, and tax-exempt fund assets decreased by $1.38 billion to $112.08 billion.
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